http://money.rediff.com/money/jsp/weekly_gainer.jsp
Company Group Prev Close (Rs) Current Price (Rs) % Change
+
HMT Ltd.
A
111.00
148.35
+ 33.65
+
Guj. Industries
A
133.90
177.65
+ 32.67
+
Bombay Dyeing
A
748.65
980.05
+ 30.91
+
Punj. Tractors
A
272.10
351.50
+ 29.18
+
Canara Bank
A
311.20
399.60
+ 28.41
+
EIH Ltd.
A
183.95
235.00
+ 27.75
+
Rashtriya Chem&Fert.
A
112.35
143.20
+ 27.46
+
National Fertili
A
81.20
102.10
+ 25.74
+
Hinduja Ventures
A
702.40
844.10
+ 20.17
+
GTL Ltd.
A
257.75
306.00
+ 18.72
+
Andhra Bank
A
105.50
124.65
+ 18.15
+
Tata Power Co.
A
1,391.30
1,626.80
+ 16.93
+
Asahi India Glass
A
115.70
134.85
+ 16.55
+
Reliance Energy Ltd.
A
2,155.30
2,510.35
+ 16.47
+
Essel Propack Ltd.
A
64.30
74.65
+ 16.10
+
Adani Enterprises Lt
A
1,094.20
1,269.60
+ 16.03
+
Indo Rama Synth.
A
62.50
72.30
+ 15.68
+
Parsvnath Developers
A
457.45
529.10
+ 15.66
+
CESC Ltd.
A
607.45
700.25
+ 15.28
+
Hind. Petrol
A
342.85
394.70
+ 15.12
+
Allahabad Bank
A
117.25
134.90
+ 15.05
+
JaiprakashAssociates
A
422.90
484.85
+ 14.65
+
Apollo Tyres
A
49.90
57.10
+ 14.43
--------------------------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Nelco Ltd
T
155.40
235.00
+ 51.22
+
Net 4 India
B1
91.55
133.85
+ 46.20
+
Hind. Motor
B1
59.00
86.15
+ 46.02
+
Richa Knits
B1
31.25
45.05
+ 44.16
+
Regency Ceramics
T
21.35
30.70
+ 43.79
+
Atlanta Ltd.
B1
330.15
461.50
+ 39.78
+
Meghmani Organics Lt
B1
36.20
50.55
+ 39.64
+
Jindal Drilling
B1
1,305.00
1,813.80
+ 38.99
+
Allied Digital Servi
B1
741.55
1,027.30
+ 38.53
+
UCO Bank
B1
57.90
80.10
+ 38.34
+
SEL Manufacturing Co
B1
115.70
159.75
+ 38.07
+
Omnitech InfoSolutio
B1
153.65
210.85
+ 37.23
+
Super Spinning
B1
24.00
32.80
+ 36.67
+
Sir Shadilal Ent
B1
153.35
207.00
+ 34.99
+
Kinetic Engg.
T
148.80
200.85
+ 34.98
+
Gammon India
B1
580.00
781.45
+ 34.73
+
Carol Info Services.
T
87.35
115.75
+ 32.51
+
Nandan Exim
B1
7.31
9.67
+ 32.28
+
Torrent Power Ltd.
B1
189.80
250.50
+ 31.98
+
Adlabs Films Ltd.
B1
1,414.05
1,851.55
+ 30.94
+
City Union Bank
B1
364.10
476.75
+ 30.94
Source: http://money.rediff.com/money/jsp/weekly_gainer.jsp. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
05 January 2008
Weekly wrap: Sensex, Nifty scale new peaks
Weekly wrap: Sensex, Nifty scale new peaks
Global markets had a mixed run last week (December 31 2007 - January 4, 2008). Crude oil prices hit the $100 a barrel mark. But the Indian bulls shrugged off these factors and kept lapping up scores of large, medium and smallcap stocks on expectations of good results from India Inc for the October - December 2007 quarter.
The decision of the market regulator to permit short-selling by institutional investors played a role in keeping the sentiment upbeat. FIIs and domestic mutual funds were seen making heavy purchases once again. Reports that the government was mulling a hike in fuel prices contributed to the rise in values of a few oil stocks.
The Sensex ended with gains on four of the five sessions last week. After opening the week with a modest 80 point gain on Monday, the barometer, after a good run in the positive territory, pared its gains and ended just marginally up on Tuesday.
Though it bounced back after an early setback and finished with a gain of nearly 165 points on Wednesday, the index turned south and lost around 120 points in the next session due to heavy selling information technology, cement and a few other blue chip stocks.
The final trading session of the week saw the bulls stamping their supremacy in style. Despite weakness exhibited by stocks on the US and Japanese markets, the bulls remained busy right through the session on Friday and, despite being quite selective with their purchases, sent the Sensex soaring past 20,700 to a new high of 20,762.80.
While the Sensex ended the week with a gain of 479.94 points or 2.38 per cent, the Nifty moved up by 135.70 points or 2.21 per cent to 6274.30.
Among the sectoral indices, BSE IT and BSE Teck finished lower, losing 5.12 per cent and 0.98 per cent respectively. The PSU index gained the most surging as much as 8.28 per cent over its previous week's closing mark. The Power index moved up by 7.8 per cent.
The FMCG, Realty and Oil & Gas indices advanced by 6.3 per cent, 5.85 per cent and 5.41 per cent respectively.
The Bankex gained 4.56 per cent. The Consumer Durables index rose 2.51 per cent while the Auto, Capital Goods, Healthcare and Metal indices climbed up 1.25 per cent - 2 per cent. Except IT, Auto, Capital Goods and Teck indices, the other barometers scaled new peaks last week.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap (5.62 per cent) and Smallcap (7.62 per cent) indices also moved up sharply and hit new highs last week.
Though the benchmark indices raced to new highs and recorded handsome gains, buying remained selective for a better part of the week. Among Sensex components, as many as 14 stocks ended in the negative zone.
IT majors Tata Consultancy Services (down 6.9 per cent), Wipro (down 6.2 per cent), Satyam Computer Services (down 6.1 per cent) and Infosys Technologies (down 5.6 per cent) were prominent among the losers. Concerns over a possible drop in the revenues due to a surging rupee contributed to their fall.
Ambuja Cements eased by 3.7 per cent. Maruti Suzuki, HDFC Bank, BHEL, Mahindra & Mahindra, Cipla, Grasim Industries and Bajaj Auto lost 1 per cent - 2 per cent. ACC and Tata Steel, the other losers, closed marginally down. Reliance Energy attracted strong enquiries ahead of the initial public offering from Reliance Power. Reliance Energy holds a 50 per cent stake in Reliance Power, which is slated to hit the market on 15 January 2007 with its IPO of 26 crore shares with a price band of Rs 405 - Rs 450 a share.
NTPC (12.6 per cent), ONGC (9.5 per cent), Tata Motors (7.3 per cent), Hindustan Unilever (7.1 per cent), ITC (6.8 per cent), HDFC (6.4 per cent), ICICI Bank (4.7 per cent), DLF (4.6 per cent) ended with handsome gains.
Reliance Communications moved up by 3.7 per cent. Hindalco surged 3.2 per cent. Heavyweight stock Reliance Industries posted a gain of 3 per cent. Ranbaxy Laboratories and Larsen & Toubro ended stronger by 2.4 per cent and 2.3 per cent respectively while Bharti Airtel and State Bank of India edged up marginally.
BPCL (13.3 per cent), Reliance Petroleum (9.9 per cent), Unitech (7.9 per cent), Suzlon Energy (6.9 per cent) and Cairn India (5.7 per cent) ended the week with handsome gains. Idea Cellular, Punjab National Bank, Siemens, Nalco, GAIL India, ABB, Zee Entertainment and GlaxoSmithKline Pharma posted sharp to moderate gains while Sterlite Industries and Hero Honda closed with small gains. Sun Pharmaceuticals, HCL Technologies, VSNL and SAIL ended on a weak note.
Auto and auto components stocks Punjab Tractors, Kinetic Motors, LML, Ucal Fuel, Asahi India and Ashok Leyland closed with sharp gains last week.
Bank stocks UCO Bank (38.3 per cent), Canara Bank (28.4 per cent), Centurion Bank of Punjab (24.6 per cent), Bank of Maharashtra (18.3 per cent), Andhra Bank (18.2 per cent), Karur Vysya Bank (17.3 per cent), Allahabad Bank (15.1 per cent), ING Vysya Bank (13.9 per cent), Indian Overseas Bank (13.8 per cent), Oriental Bank of Commerce (13.5 per cent), Dena Bank (12.2 per cent), Union Bank of India (10.4 per cent) and Vijaya Bank (10.3 per cent) ended with big gains.
From the construction space, Atlanta, Gammon India, Parsvnath Developers, Hindustan Construction Company, MSK Projects, Peninsula Land, Patel Engineering, HDIL, IVRCL Infrastructure, BL Kashyap, Lok Housing, Sobha Developers and Simplex Infrastructure moved up sharply.
Hindustan Petroleum Corporation, RNRL, Gujarat State Petronet, Indraprastha Gas, Indian Oil Corporation, MRPL, Gujarat Gas and Essar Oil moved up. Engineers India, Atlas Copco, Finolex Cables, Alfa Laval, Voltas, Tata Honeywell, Bharat Earth Movers, National Fertilizers, FACT, SPIC, GSFC, Coromandel Fertilizers, Marico Industries, Colgate Palmolive, Archies, Dabur India, Rayban Sun Optics and Godrej Consumer Products posted strong gains.
Burnpur Cement, which made a sparkling debut on Thursday, ended the week at Rs 54.15, well off the issue price of Rs 12.
Other Sify.com stories
Cranes Software to acquire US company
Life insurers' club to swell, market to consolidate
India is a gas-long market: Anil
Gujarat Ambuja Exports bags orders to ship groundnut oil
TRAI submits final proposals on Internet Protocol TV
PFC mulls setting up financial advisory arm
Subhiksha plans IPO this year
B-school students opting for novel courses
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Global markets had a mixed run last week (December 31 2007 - January 4, 2008). Crude oil prices hit the $100 a barrel mark. But the Indian bulls shrugged off these factors and kept lapping up scores of large, medium and smallcap stocks on expectations of good results from India Inc for the October - December 2007 quarter.
The decision of the market regulator to permit short-selling by institutional investors played a role in keeping the sentiment upbeat. FIIs and domestic mutual funds were seen making heavy purchases once again. Reports that the government was mulling a hike in fuel prices contributed to the rise in values of a few oil stocks.
The Sensex ended with gains on four of the five sessions last week. After opening the week with a modest 80 point gain on Monday, the barometer, after a good run in the positive territory, pared its gains and ended just marginally up on Tuesday.
Though it bounced back after an early setback and finished with a gain of nearly 165 points on Wednesday, the index turned south and lost around 120 points in the next session due to heavy selling information technology, cement and a few other blue chip stocks.
The final trading session of the week saw the bulls stamping their supremacy in style. Despite weakness exhibited by stocks on the US and Japanese markets, the bulls remained busy right through the session on Friday and, despite being quite selective with their purchases, sent the Sensex soaring past 20,700 to a new high of 20,762.80.
While the Sensex ended the week with a gain of 479.94 points or 2.38 per cent, the Nifty moved up by 135.70 points or 2.21 per cent to 6274.30.
Among the sectoral indices, BSE IT and BSE Teck finished lower, losing 5.12 per cent and 0.98 per cent respectively. The PSU index gained the most surging as much as 8.28 per cent over its previous week's closing mark. The Power index moved up by 7.8 per cent.
The FMCG, Realty and Oil & Gas indices advanced by 6.3 per cent, 5.85 per cent and 5.41 per cent respectively.
The Bankex gained 4.56 per cent. The Consumer Durables index rose 2.51 per cent while the Auto, Capital Goods, Healthcare and Metal indices climbed up 1.25 per cent - 2 per cent. Except IT, Auto, Capital Goods and Teck indices, the other barometers scaled new peaks last week.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap (5.62 per cent) and Smallcap (7.62 per cent) indices also moved up sharply and hit new highs last week.
Though the benchmark indices raced to new highs and recorded handsome gains, buying remained selective for a better part of the week. Among Sensex components, as many as 14 stocks ended in the negative zone.
IT majors Tata Consultancy Services (down 6.9 per cent), Wipro (down 6.2 per cent), Satyam Computer Services (down 6.1 per cent) and Infosys Technologies (down 5.6 per cent) were prominent among the losers. Concerns over a possible drop in the revenues due to a surging rupee contributed to their fall.
Ambuja Cements eased by 3.7 per cent. Maruti Suzuki, HDFC Bank, BHEL, Mahindra & Mahindra, Cipla, Grasim Industries and Bajaj Auto lost 1 per cent - 2 per cent. ACC and Tata Steel, the other losers, closed marginally down. Reliance Energy attracted strong enquiries ahead of the initial public offering from Reliance Power. Reliance Energy holds a 50 per cent stake in Reliance Power, which is slated to hit the market on 15 January 2007 with its IPO of 26 crore shares with a price band of Rs 405 - Rs 450 a share.
NTPC (12.6 per cent), ONGC (9.5 per cent), Tata Motors (7.3 per cent), Hindustan Unilever (7.1 per cent), ITC (6.8 per cent), HDFC (6.4 per cent), ICICI Bank (4.7 per cent), DLF (4.6 per cent) ended with handsome gains.
Reliance Communications moved up by 3.7 per cent. Hindalco surged 3.2 per cent. Heavyweight stock Reliance Industries posted a gain of 3 per cent. Ranbaxy Laboratories and Larsen & Toubro ended stronger by 2.4 per cent and 2.3 per cent respectively while Bharti Airtel and State Bank of India edged up marginally.
BPCL (13.3 per cent), Reliance Petroleum (9.9 per cent), Unitech (7.9 per cent), Suzlon Energy (6.9 per cent) and Cairn India (5.7 per cent) ended the week with handsome gains. Idea Cellular, Punjab National Bank, Siemens, Nalco, GAIL India, ABB, Zee Entertainment and GlaxoSmithKline Pharma posted sharp to moderate gains while Sterlite Industries and Hero Honda closed with small gains. Sun Pharmaceuticals, HCL Technologies, VSNL and SAIL ended on a weak note.
Auto and auto components stocks Punjab Tractors, Kinetic Motors, LML, Ucal Fuel, Asahi India and Ashok Leyland closed with sharp gains last week.
Bank stocks UCO Bank (38.3 per cent), Canara Bank (28.4 per cent), Centurion Bank of Punjab (24.6 per cent), Bank of Maharashtra (18.3 per cent), Andhra Bank (18.2 per cent), Karur Vysya Bank (17.3 per cent), Allahabad Bank (15.1 per cent), ING Vysya Bank (13.9 per cent), Indian Overseas Bank (13.8 per cent), Oriental Bank of Commerce (13.5 per cent), Dena Bank (12.2 per cent), Union Bank of India (10.4 per cent) and Vijaya Bank (10.3 per cent) ended with big gains.
From the construction space, Atlanta, Gammon India, Parsvnath Developers, Hindustan Construction Company, MSK Projects, Peninsula Land, Patel Engineering, HDIL, IVRCL Infrastructure, BL Kashyap, Lok Housing, Sobha Developers and Simplex Infrastructure moved up sharply.
Hindustan Petroleum Corporation, RNRL, Gujarat State Petronet, Indraprastha Gas, Indian Oil Corporation, MRPL, Gujarat Gas and Essar Oil moved up. Engineers India, Atlas Copco, Finolex Cables, Alfa Laval, Voltas, Tata Honeywell, Bharat Earth Movers, National Fertilizers, FACT, SPIC, GSFC, Coromandel Fertilizers, Marico Industries, Colgate Palmolive, Archies, Dabur India, Rayban Sun Optics and Godrej Consumer Products posted strong gains.
Burnpur Cement, which made a sparkling debut on Thursday, ended the week at Rs 54.15, well off the issue price of Rs 12.
Other Sify.com stories
Cranes Software to acquire US company
Life insurers' club to swell, market to consolidate
India is a gas-long market: Anil
Gujarat Ambuja Exports bags orders to ship groundnut oil
TRAI submits final proposals on Internet Protocol TV
PFC mulls setting up financial advisory arm
Subhiksha plans IPO this year
B-school students opting for novel courses
Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Nifty scale new peaks,
Weekly wrap: Sensex
04 January 2008
ET Top Stories
http://economictimes.indiatimes.com/
Reliance Power IPO
Stockbrokers under lens for evading service tax
FIIs invest in shares worth Rs 16 cr on bourses
Govt expects Rs 2-lakh cr investment in aviation in 10 yrs
SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
Future Cap IPO gets average rating
Forex reserves up by $2.8 bn
Annual inflation at 3.50%
Indo Asian sees FY-08 revenues at Rs 300 crore
Societe Generale broking arm to set up shop in India
ADAG to foray into power equipment manufacturing
Anil expects win-win solution on RNRL-RIL dispute
HPCL, Reliance among bidders for Bihar sugar mills
LG Elec shares jump on Q4 earnings hopes
Heard on the street
Short-sellers will make Indian market stronger
Brokerage Platter: Tulip IT, Subhash Projects
SAT to hear complaints against Reliance Power IPO on Jan 14
Re climbs on RBI comments, flow outlook
Gold zooms past Rs 11,000-mark
Private insurers outrun LIC agents
Source: http://economictimes.indiatimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Reliance Power IPO
Stockbrokers under lens for evading service tax
FIIs invest in shares worth Rs 16 cr on bourses
Govt expects Rs 2-lakh cr investment in aviation in 10 yrs
SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
Future Cap IPO gets average rating
Forex reserves up by $2.8 bn
Annual inflation at 3.50%
Indo Asian sees FY-08 revenues at Rs 300 crore
Societe Generale broking arm to set up shop in India
ADAG to foray into power equipment manufacturing
Anil expects win-win solution on RNRL-RIL dispute
HPCL, Reliance among bidders for Bihar sugar mills
LG Elec shares jump on Q4 earnings hopes
Heard on the street
Short-sellers will make Indian market stronger
Brokerage Platter: Tulip IT, Subhash Projects
SAT to hear complaints against Reliance Power IPO on Jan 14
Re climbs on RBI comments, flow outlook
Gold zooms past Rs 11,000-mark
Private insurers outrun LIC agents
Source: http://economictimes.indiatimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex beats Chak De India in popularity poll
Sensex beats Chak De! India in popularity poll
ET-Dentsu Top Hits 2007: Sensex beats Chak De!
Emerging India is obsessed with winning. The turf is immaterial. So, whether it was the stock market, movies, cricket or simply enjoying good things in life, Indians feasted on a host of winners — expected, unexpected or out-and-out dark horses, who romped home in 2007. ET-Dentsu Top Hits 2007 survey, the second in succession, ranked anything from popular content to social phenomena, changing consumer habits to actual physical products that may have left a mark on Indians’ minds. Individuals, however, were excluded from the list as it only captures trends, not personalities.
Also Read
à
Top 10 NRI newsmakers of Year 2007
à
Predictions and Tips for 2008
à
Challenges for Corporate India in 2008
à
In '08, personal technology will drive innovations
à
Small companies feast on the New Year party
à
Top brands spend Rs 150 cr to start 2008 with a bang
Sensex, Chak De! India and Twenty20 Cricket World Cup victory led the hits parade in 2007 in an end-of-the-year online survey conducted by Dentsu India. The survey polled 2,227 individuals in the 16-60 age group. An initial consumer research brought down the list from 100 to 40, which was then included in the e-survey.
Sensex’s climb from 12,000 to 20,000, which left millions of investors rich beyond expectations, also came to virtually personify the buoyancy in the economy — a fifth year of average 8.6% GDP growth, jobs for the asking and zooming incomes. According to Nokia India MD (mobiles) D Shivakumar “The Sensex, in essence, captures a number of things: the state/mood of the nation, the acceptance of wealth creation, a move from old world socialism to celebration of capitalism. It’s a reaffirmation of the confidence in the Indian system today.”
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ET-Dentsu Top Hits 2007: Sensex beats Chak De!
Emerging India is obsessed with winning. The turf is immaterial. So, whether it was the stock market, movies, cricket or simply enjoying good things in life, Indians feasted on a host of winners — expected, unexpected or out-and-out dark horses, who romped home in 2007. ET-Dentsu Top Hits 2007 survey, the second in succession, ranked anything from popular content to social phenomena, changing consumer habits to actual physical products that may have left a mark on Indians’ minds. Individuals, however, were excluded from the list as it only captures trends, not personalities.
Also Read
à
Top 10 NRI newsmakers of Year 2007
à
Predictions and Tips for 2008
à
Challenges for Corporate India in 2008
à
In '08, personal technology will drive innovations
à
Small companies feast on the New Year party
à
Top brands spend Rs 150 cr to start 2008 with a bang
Sensex, Chak De! India and Twenty20 Cricket World Cup victory led the hits parade in 2007 in an end-of-the-year online survey conducted by Dentsu India. The survey polled 2,227 individuals in the 16-60 age group. An initial consumer research brought down the list from 100 to 40, which was then included in the e-survey.
Sensex’s climb from 12,000 to 20,000, which left millions of investors rich beyond expectations, also came to virtually personify the buoyancy in the economy — a fifth year of average 8.6% GDP growth, jobs for the asking and zooming incomes. According to Nokia India MD (mobiles) D Shivakumar “The Sensex, in essence, captures a number of things: the state/mood of the nation, the acceptance of wealth creation, a move from old world socialism to celebration of capitalism. It’s a reaffirmation of the confidence in the Indian system today.”
Source: http://www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Moneycontrol.com Updates
Moneycontrol.com
Rel Pwr's 1st project to go onstream in 2009: Anil Ambani
50% return from 308 stocks: Should you buy them?
See selling on each rise in mkts: Kotak Mah Bank
JP Asso looking to raise $1 bn via power arm IPO
Bank credit growth satisfactory: FM
Kotak Sec on Rel Power's valuations
Tulip IT bags Rs 57.72 cr order from Assam
Bilcare buys S'pore's co for S$20m
Largecaps scores over midcaps & smallcaps
Reliance Petroleum can test Rs 270-280: Baliga
Invest in cos with promoter holding above 80%
NASDAQ announces year-end index performance statistics
First 6 mths of '08 will be period of good cheer: Tata MF
Be cautious on Burnpur Cement
----------------------------------------------------------------
Myiris.com
Brokers Outlook: Upward trend to continue on Monday
FIIs turn net buyers in equities worth Rs 7,251 mn on Jan. 3
Forex reserves rise by USD 2,837 mn
Maharashtra Seamless buys facility in Romania; to invest Rs 3 bn
Spanco Telesystems bags Rs 137.5 mn contract
Tech Mahindra seek shareholders nod for merger
ICRA assigns IPO Grade 3 to Future Capital Holdings
Tata Steel, Hindalco most traded by MFs in Nov`07
Chidambaram to commence pre-budget consultations on Jan. 7
Alps Industries floats energy arm
Reliance Retail in talks with Carrefour to form JV
Rajesh Exports scouts for overseas partners
SBI revises deposit rates
Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rel Pwr's 1st project to go onstream in 2009: Anil Ambani
50% return from 308 stocks: Should you buy them?
See selling on each rise in mkts: Kotak Mah Bank
JP Asso looking to raise $1 bn via power arm IPO
Bank credit growth satisfactory: FM
Kotak Sec on Rel Power's valuations
Tulip IT bags Rs 57.72 cr order from Assam
Bilcare buys S'pore's co for S$20m
Largecaps scores over midcaps & smallcaps
Reliance Petroleum can test Rs 270-280: Baliga
Invest in cos with promoter holding above 80%
NASDAQ announces year-end index performance statistics
First 6 mths of '08 will be period of good cheer: Tata MF
Be cautious on Burnpur Cement
----------------------------------------------------------------
Myiris.com
Brokers Outlook: Upward trend to continue on Monday
FIIs turn net buyers in equities worth Rs 7,251 mn on Jan. 3
Forex reserves rise by USD 2,837 mn
Maharashtra Seamless buys facility in Romania; to invest Rs 3 bn
Spanco Telesystems bags Rs 137.5 mn contract
Tech Mahindra seek shareholders nod for merger
ICRA assigns IPO Grade 3 to Future Capital Holdings
Tata Steel, Hindalco most traded by MFs in Nov`07
Chidambaram to commence pre-budget consultations on Jan. 7
Alps Industries floats energy arm
Reliance Retail in talks with Carrefour to form JV
Rajesh Exports scouts for overseas partners
SBI revises deposit rates
Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Moneycontrol.com Updates,
Myiris
VC, PE updates,Jobs from VCCircle.com, Indiape.com
VCCircle.com
Reliance Power IPO Mandate Makes JP Morgan Top Book Runner
Blackstone’s Gokaldas Open Offer Cleared By SEBI; To Open On Jan 9
Cyprus Fund Lakecrest To Invest $100M In Indian Hospitality, Tourism Sector
Gateway Rail Freight To Raise Rs 250-300 Crore; Kotak Is The Banker
TutorVista Plans To Raise $15 Million More To Bankroll India Expansion
ICICI Venture’s RFCL Acquires Godrej Diagnostics Arm And Alved Pharma
Tata Motors Declared Preferred Bidder For Jaguar, Land Rover Units
Contact Book Service Plaxo Up For Sale; Why Microsoft Should Buy It
NBC Universal Reportedly Buys 30% In NDTV’s UK Subsidiary
Chawla’s ‘94 Stake Buy In Catholic Syrian Bank Cleared; He Needs To Pare Holdings
PE-Backed Ramky Infrastructure Files For IPO
News Roundup: Alembic Buys Unit, Khandwala’s Retail Foray, Parsvanath’s Hotel Bet
Nirma Buys US Soda Ash Maker Searles Valley From Private Equity Owner
Lazard Plans $300 Million India Focused Private Equity Fund
Religare To Sell Stake In NBFC Arm To Private Equity Funds
Reliance Power To Price IPO At Rs 405-450; Largest Ever Issue To Open Jan 15-18
Kotak Mahindra Appoints Uday Bhansali As Investment Banking Head
Future Capital Fixes IPO Price Band At Rs 700-765; MCX Clarifies On IPO
Amit Burman’s Lite Bites, Jiggs Kalra In Foods JV
Anil Ambani Floats Tech Reliance For IT Foray; May Invest $2 Billion
Goldman Sachs, Macquarie Acquire 40% In PTC Financial For Rs 156 Crore
Indiabulls Swaps Hotel Property For 10% Stake In Gaming Company
Kotak PE To Invest $10 Million In Chandrababu Naidu’s Heritage Foods
M&A Roundup: HDFC Sells Stake In Life JV; Neolite Gets Austrian Partner
------------------------------------------
IndiaPE.com
Lazard to launch $300 mn private equity fund
Goldman, Macquaire to buy 20% each in PTC Financial
Kotak Venture buys into Heritage Foods
Source: http://www.vccircle.com and www.indiape.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Reliance Power IPO Mandate Makes JP Morgan Top Book Runner
Blackstone’s Gokaldas Open Offer Cleared By SEBI; To Open On Jan 9
Cyprus Fund Lakecrest To Invest $100M In Indian Hospitality, Tourism Sector
Gateway Rail Freight To Raise Rs 250-300 Crore; Kotak Is The Banker
TutorVista Plans To Raise $15 Million More To Bankroll India Expansion
ICICI Venture’s RFCL Acquires Godrej Diagnostics Arm And Alved Pharma
Tata Motors Declared Preferred Bidder For Jaguar, Land Rover Units
Contact Book Service Plaxo Up For Sale; Why Microsoft Should Buy It
NBC Universal Reportedly Buys 30% In NDTV’s UK Subsidiary
Chawla’s ‘94 Stake Buy In Catholic Syrian Bank Cleared; He Needs To Pare Holdings
PE-Backed Ramky Infrastructure Files For IPO
News Roundup: Alembic Buys Unit, Khandwala’s Retail Foray, Parsvanath’s Hotel Bet
Nirma Buys US Soda Ash Maker Searles Valley From Private Equity Owner
Lazard Plans $300 Million India Focused Private Equity Fund
Religare To Sell Stake In NBFC Arm To Private Equity Funds
Reliance Power To Price IPO At Rs 405-450; Largest Ever Issue To Open Jan 15-18
Kotak Mahindra Appoints Uday Bhansali As Investment Banking Head
Future Capital Fixes IPO Price Band At Rs 700-765; MCX Clarifies On IPO
Amit Burman’s Lite Bites, Jiggs Kalra In Foods JV
Anil Ambani Floats Tech Reliance For IT Foray; May Invest $2 Billion
Goldman Sachs, Macquarie Acquire 40% In PTC Financial For Rs 156 Crore
Indiabulls Swaps Hotel Property For 10% Stake In Gaming Company
Kotak PE To Invest $10 Million In Chandrababu Naidu’s Heritage Foods
M&A Roundup: HDFC Sells Stake In Life JV; Neolite Gets Austrian Partner
------------------------------------------
IndiaPE.com
Lazard to launch $300 mn private equity fund
Goldman, Macquaire to buy 20% each in PTC Financial
Kotak Venture buys into Heritage Foods
Source: http://www.vccircle.com and www.indiape.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Indiape.Com,
Jobs from VCCircle.com,
PE Updates,
VC
Rediff, Deadpresident Updates
www.Rediff.com
Why criticism of the Rs 1-lakh car is wrong
To tax the small car 'like crazy' until an efficient mass transit system is in place is highly short-sighted.
• 10 tech trends that will shape 2008
• No tax benefit on gifts given to kin
• How safe are the Indian skies?
• How to be a good sole superpower
• What you would like to buy in 2008
• OIL chief on investment plans
• FM to start pre-bud talks on Jan 7
• Rise of Asia is a global good
• Beating the property gloom
• E-tax payment may be compulsory
----------------------------------------------------------------
http://deadpresident.blogspot.com
Reliance Power IPO Part Payment Details
Reliance Power IPO Allotment, Listing
Rakesh Jhunjhunwala Picks for 2008 ?
Weekly Close: Is 20k here to stay??
Reliance Power IPO
Sensex garners 480 points
Dish TV sells stake
Manaksia IPO Listing
Sensex scales new peak
Market pares gains in late trade
Post Market Commentary
Grey Market - Future Capital , Reliance Power, Aries Agro
News Snippets - Jan 4 2008
NTPC
Stream-line your portfolio
Gremach Infra, Ganesh Housing
FDI in Media to be increased
Mukesh v Anil Ambani
Source: Above sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Why criticism of the Rs 1-lakh car is wrong
To tax the small car 'like crazy' until an efficient mass transit system is in place is highly short-sighted.
• 10 tech trends that will shape 2008
• No tax benefit on gifts given to kin
• How safe are the Indian skies?
• How to be a good sole superpower
• What you would like to buy in 2008
• OIL chief on investment plans
• FM to start pre-bud talks on Jan 7
• Rise of Asia is a global good
• Beating the property gloom
• E-tax payment may be compulsory
----------------------------------------------------------------
http://deadpresident.blogspot.com
Reliance Power IPO Part Payment Details
Reliance Power IPO Allotment, Listing
Rakesh Jhunjhunwala Picks for 2008 ?
Weekly Close: Is 20k here to stay??
Reliance Power IPO
Sensex garners 480 points
Dish TV sells stake
Manaksia IPO Listing
Sensex scales new peak
Market pares gains in late trade
Post Market Commentary
Grey Market - Future Capital , Reliance Power, Aries Agro
News Snippets - Jan 4 2008
NTPC
Stream-line your portfolio
Gremach Infra, Ganesh Housing
FDI in Media to be increased
Mukesh v Anil Ambani
Source: Above sites/blogs. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Deadpresident Updates,
Rediff
Reliance Power IPO Stories
'Grey' record by Reliance Power
Within few days of getting clearance from SEBI, Reliance Power's initial public offering (IPO) has created a new record in the Indian grey markets. A Rs 1 lakh application form of the IPO is fetching a price of over Rs 9,000 per form. This is considerably higher than the previous record-making price of Rs 7000 per form set by Adani group's Mundra Port & SEZ IPO a couple of months back.
Over 1 lakh shares are being traded daily in the grey markets even before the IPO's dates have been announced. According to grey market operators, currently the stock was being traded at a premium of around Rs 425 per share on Thursday, higher than the Rs 395-400 price a day before.
The IPO, which is expected to open on January 15, 2008 and closing on January 18, 2008, is being priced in the range of Rs 415-Rs450. For Rs 1 lakh application form, the rates are over Rs 9000 for fully paid-up shares and over Rs 6000 for partly-paid up shares.
The trading in grey market started couple of days back with premium quoted at Rs 340-350. Since the IPO dates were not announced, the volume was low on opening, but after the recent announcement of issue opening and price range, the volume has picked up substantially. SEBI had cleared Rel Power's issue on December 28, 2007 with a condition that 20 per cent of the promoters capital should be locked-in for a period of five years instead of normal lock-in period of three years.
Reliance Power Ltd, which is Anil Dhirubhai Ambani Group (ADAG) promoted company, was created as a separate company from Reliance Energy Ltd (REL) to handle the power generation business of the group. The company has 12 power projects under development with a total estimated cost of Rs95,591 crore. It recently won the 4000 MW ultramega power project (UMPP) at Krishnapatnam in Andhra Pradesh after having bagged the contract for another UMPP in Sasan, Madhya Pradesh.
-----------------------------------------------------------------
R-Power IPO: You can pay in phases
MUMBAI: Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO. Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
Special: Powered by Reliance
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750. This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18. The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
-------------------------------------------------------------
Other Stories
Retail investors get discount in Rel Power IPO
Reliance Power to be listed in early Feb
Grey mart: Rs 1L in Rel Power IPO will earn 9% in 20 days
Power cos plan to raise $10 bn from primary market & pre-IPO placements
Source: http://economictimes.indiatimes.com and www.sify.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Within few days of getting clearance from SEBI, Reliance Power's initial public offering (IPO) has created a new record in the Indian grey markets. A Rs 1 lakh application form of the IPO is fetching a price of over Rs 9,000 per form. This is considerably higher than the previous record-making price of Rs 7000 per form set by Adani group's Mundra Port & SEZ IPO a couple of months back.
Over 1 lakh shares are being traded daily in the grey markets even before the IPO's dates have been announced. According to grey market operators, currently the stock was being traded at a premium of around Rs 425 per share on Thursday, higher than the Rs 395-400 price a day before.
The IPO, which is expected to open on January 15, 2008 and closing on January 18, 2008, is being priced in the range of Rs 415-Rs450. For Rs 1 lakh application form, the rates are over Rs 9000 for fully paid-up shares and over Rs 6000 for partly-paid up shares.
The trading in grey market started couple of days back with premium quoted at Rs 340-350. Since the IPO dates were not announced, the volume was low on opening, but after the recent announcement of issue opening and price range, the volume has picked up substantially. SEBI had cleared Rel Power's issue on December 28, 2007 with a condition that 20 per cent of the promoters capital should be locked-in for a period of five years instead of normal lock-in period of three years.
Reliance Power Ltd, which is Anil Dhirubhai Ambani Group (ADAG) promoted company, was created as a separate company from Reliance Energy Ltd (REL) to handle the power generation business of the group. The company has 12 power projects under development with a total estimated cost of Rs95,591 crore. It recently won the 4000 MW ultramega power project (UMPP) at Krishnapatnam in Andhra Pradesh after having bagged the contract for another UMPP in Sasan, Madhya Pradesh.
-----------------------------------------------------------------
R-Power IPO: You can pay in phases
MUMBAI: Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO. Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
Special: Powered by Reliance
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750. This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18. The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
-------------------------------------------------------------
Other Stories
Retail investors get discount in Rel Power IPO
Reliance Power to be listed in early Feb
Grey mart: Rs 1L in Rel Power IPO will earn 9% in 20 days
Power cos plan to raise $10 bn from primary market & pre-IPO placements
Source: http://economictimes.indiatimes.com and www.sify.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex vaults 342 pts; Nifty ends 96 pts up
Sensex vaults 342 pts; Nifty ends 96 pts up
Reliance pulls Sensex to record close
Shrugging off weak US and Japanese markets, the bulls entered the ring this morning, got equities off to a firm start and then, stepped up momentum in style as the session progressed. Though a bit selective with regard to the broad market, they proved relentless in their pursuit for key stocks from oil, banking, capital goods, FMCG and metal sectors. Gains posted by key stocks from these sectors were so strong that the benchmark indices Sensex and Nifty went on to scale new peaks this afternoon.
Information technology stocks had another disappointing outing with the rupee's surge forcing the investors out of the counters. Auto stocks, barring a select few, found the going tough. Pharma and consumer durables stocks turned subdued after a fairly positive start. Buying remained stock specific in power, PSU and realty sectors.
The Sensex, which opened marginally higher at 20,367.94, crossed new milestones in a hurry and hit a lifetime high of 20,762.80 in late afternoon trade before finally settling down at 20,686.89 with a massive gain of 341.69 points or 1.68%. The Nifty posted a new high at 6300.05 and ended at 6274.30, around 1.55% or 95.75 points higher than its previous closing mark.
Profit-taking saw several smallcap stocks losing sheen. Midcaps fared relatively better. The market breadth, which remained strong till a little past mid-afternoon, turned almost neutral as the session drew to a close. Out of 2922 stocks traded on BSE today, 1479 stocks closed with gains. 1422 stocks ended on a losing note and 21 stocks finished at their previous closing levels.
ICICI Bank, which emerged as the biggest gainer from the Sensex pack, ended stronger by 4.7% at Rs 1285.35. Larsen & Toubro surged 4.5% to Rs 4244.40. Hindustan Unilever, Reliance Communications and Hindalco gained 3.8%, 3.65% and 3.45% respectivley. ONGC notched up a gain of 2.9%.
Reliance Industries, which played a significant role in lifting the market to new highs today, ended with a handsome gain of 2.9% at Rs 2985.85. ITC and DLF moved up by around 2.35% to Rs 219.55 and Rs 1112.50 respectively. HDFC advanced by 2.2% to Rs 3111.50 and BHEL gained 1.35%.
Ranbaxy Laboratories, Tata Steel, Wipro and Bajaj Auto finished with marginal gains. HDFC Bank opened well but failed to retain gains and settled just above its previous closing price.
Among the losers from the Sensex, NTPC eased by 1.75% to Rs 271.75. Mahindra & Mahindra, Cipla, Ambuja Cements, Tata Consultancy Services, Tata Motors, Maruti Suzuki and Infosys Technologies lost 1% - 1.5%. Satyam Computer Services ended nearly a per cent down. ACC eased by 0.45%. Reliance Energy, Grasim Industries and State Bank of India finished with small losses while Bharti Airtel settled lower by less than a rupee.
Reliance Petroleum, Sterlite Industries, Siemens, Dr. Reddy's Laboratories, Idea Cellular, Tata Power, HCL Technologies, GlaxoSmithKline Pharma, SAIL and Suzlon Energy ended with strong gains. Sun Pharmaceuticals, Nalco, Hero Honda, BPCL and Zee Entertainment closed with sharp losses.
Punjab Tractors zoomed 29.5% to Rs 351.50. Hinduja Ventures closed with a big gain of 13.55%. Parsvnath Developers, EIH Limited, Bombay Dyeing, Orchid Chemicals and Aditya Birla Nuvo moved up by 6% - 10%. IPCA Laboratories, Engineers India, HMT, National Fertilizers, Rashtriya Chemicals & Fertilizers, Sun TV Network, SKF India and Colgate Palmolive also ended on a high note.
Adlabs Films, Bajaj Auto Finance, Torrent Power, Panacea Biotech, Monsanto, Himatsingka Seide, Shopper's Stop, Bajaj Hindustan, NDTV, Praj Industries, Gujarat Petronet, Advanta, Jyoti Structures and Essar Shipping were among the other major gainers from the midcap index.
Hindustan Motors gained over 20% on strong volumes. With a turnover of around Rs 346.72 crore on a volume of nearly 43 million on the National Stock Exchange, it was among the most actively traded stocks today. RNRL (3.95%) and Jaiprakash Associates (3.35%) also moved up on hefty volumes.
Other Sify Stories
RIL, HPCL to run sugar mills
Batliboi to issue shares
BHEL bags order from Azerbaijan
Risk-free returns in choppy markets
Jaguar-LR: Tatas in driver's seat
FM wants banks to cut lending rates
Ramsarup Industries at new high on order win
Exide Industries Q3 results on Jan 14
Gateway Distriparks to raise up to Rs 300 cr
Inflation rate rises to 3.50%
Bank of Baroda sees FY08 net profit up 25%
Bank of Maharashtra sees Oct-March net up 40%
Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Reliance pulls Sensex to record close
Shrugging off weak US and Japanese markets, the bulls entered the ring this morning, got equities off to a firm start and then, stepped up momentum in style as the session progressed. Though a bit selective with regard to the broad market, they proved relentless in their pursuit for key stocks from oil, banking, capital goods, FMCG and metal sectors. Gains posted by key stocks from these sectors were so strong that the benchmark indices Sensex and Nifty went on to scale new peaks this afternoon.
Information technology stocks had another disappointing outing with the rupee's surge forcing the investors out of the counters. Auto stocks, barring a select few, found the going tough. Pharma and consumer durables stocks turned subdued after a fairly positive start. Buying remained stock specific in power, PSU and realty sectors.
The Sensex, which opened marginally higher at 20,367.94, crossed new milestones in a hurry and hit a lifetime high of 20,762.80 in late afternoon trade before finally settling down at 20,686.89 with a massive gain of 341.69 points or 1.68%. The Nifty posted a new high at 6300.05 and ended at 6274.30, around 1.55% or 95.75 points higher than its previous closing mark.
Profit-taking saw several smallcap stocks losing sheen. Midcaps fared relatively better. The market breadth, which remained strong till a little past mid-afternoon, turned almost neutral as the session drew to a close. Out of 2922 stocks traded on BSE today, 1479 stocks closed with gains. 1422 stocks ended on a losing note and 21 stocks finished at their previous closing levels.
ICICI Bank, which emerged as the biggest gainer from the Sensex pack, ended stronger by 4.7% at Rs 1285.35. Larsen & Toubro surged 4.5% to Rs 4244.40. Hindustan Unilever, Reliance Communications and Hindalco gained 3.8%, 3.65% and 3.45% respectivley. ONGC notched up a gain of 2.9%.
Reliance Industries, which played a significant role in lifting the market to new highs today, ended with a handsome gain of 2.9% at Rs 2985.85. ITC and DLF moved up by around 2.35% to Rs 219.55 and Rs 1112.50 respectively. HDFC advanced by 2.2% to Rs 3111.50 and BHEL gained 1.35%.
Ranbaxy Laboratories, Tata Steel, Wipro and Bajaj Auto finished with marginal gains. HDFC Bank opened well but failed to retain gains and settled just above its previous closing price.
Among the losers from the Sensex, NTPC eased by 1.75% to Rs 271.75. Mahindra & Mahindra, Cipla, Ambuja Cements, Tata Consultancy Services, Tata Motors, Maruti Suzuki and Infosys Technologies lost 1% - 1.5%. Satyam Computer Services ended nearly a per cent down. ACC eased by 0.45%. Reliance Energy, Grasim Industries and State Bank of India finished with small losses while Bharti Airtel settled lower by less than a rupee.
Reliance Petroleum, Sterlite Industries, Siemens, Dr. Reddy's Laboratories, Idea Cellular, Tata Power, HCL Technologies, GlaxoSmithKline Pharma, SAIL and Suzlon Energy ended with strong gains. Sun Pharmaceuticals, Nalco, Hero Honda, BPCL and Zee Entertainment closed with sharp losses.
Punjab Tractors zoomed 29.5% to Rs 351.50. Hinduja Ventures closed with a big gain of 13.55%. Parsvnath Developers, EIH Limited, Bombay Dyeing, Orchid Chemicals and Aditya Birla Nuvo moved up by 6% - 10%. IPCA Laboratories, Engineers India, HMT, National Fertilizers, Rashtriya Chemicals & Fertilizers, Sun TV Network, SKF India and Colgate Palmolive also ended on a high note.
Adlabs Films, Bajaj Auto Finance, Torrent Power, Panacea Biotech, Monsanto, Himatsingka Seide, Shopper's Stop, Bajaj Hindustan, NDTV, Praj Industries, Gujarat Petronet, Advanta, Jyoti Structures and Essar Shipping were among the other major gainers from the midcap index.
Hindustan Motors gained over 20% on strong volumes. With a turnover of around Rs 346.72 crore on a volume of nearly 43 million on the National Stock Exchange, it was among the most actively traded stocks today. RNRL (3.95%) and Jaiprakash Associates (3.35%) also moved up on hefty volumes.
Other Sify Stories
RIL, HPCL to run sugar mills
Batliboi to issue shares
BHEL bags order from Azerbaijan
Risk-free returns in choppy markets
Jaguar-LR: Tatas in driver's seat
FM wants banks to cut lending rates
Ramsarup Industries at new high on order win
Exide Industries Q3 results on Jan 14
Gateway Distriparks to raise up to Rs 300 cr
Inflation rate rises to 3.50%
Bank of Baroda sees FY08 net profit up 25%
Bank of Maharashtra sees Oct-March net up 40%
Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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